As our Chapter 13 was coming up on the seventh anniversary after filing I was unable to find concrete information on what would happen to our credit score. Here is our situation:
We filed Chapter 13 in early 2009, with discharge after 36 payments in early 2012. Earlier this year the Chapter 13 fell off, all negative items associated with the BK fell off, and our credit scores went from an average of 705 FICO to 780 FICO (scores directly from www.myfico.com, so we are comparing apples with apples).
At least in our case, the "rebucketing" (google it) did not seem to apply. This was an exceedingly long road, but we have finally reached it's conclusion. Lots of lessons learned, and our main goal financially is not to allow ourselves to be in the same situation again.
Good luck to all - this website was a huge help as we navigated the many ups and downs (financially, emotionally, etc.).
We filed Chapter 13 in early 2009, with discharge after 36 payments in early 2012. Earlier this year the Chapter 13 fell off, all negative items associated with the BK fell off, and our credit scores went from an average of 705 FICO to 780 FICO (scores directly from www.myfico.com, so we are comparing apples with apples).
At least in our case, the "rebucketing" (google it) did not seem to apply. This was an exceedingly long road, but we have finally reached it's conclusion. Lots of lessons learned, and our main goal financially is not to allow ourselves to be in the same situation again.
Good luck to all - this website was a huge help as we navigated the many ups and downs (financially, emotionally, etc.).
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